IGO LIMITED — Major Shareholding Notification 2015

Sep 24, 2015

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Independence Group NL ("IGO")
ACN/ARSN	092 786 304
1. Details of substantial holder(1)
Name	Mark Gareth Creasy, Yandal Investments Pty Ltd (ACN 070 684 810), FraserX Pty Ltd (ACN099 488 114), Ponton Minerals Pty Ltd (ACN108 313 024), Lake Rivers Gold Pty Ltd (ACN122 986 681) and FreeCl Pty Ltd (ACN147 090 542)
ACN/ARSN (if applicable)	As Above

The holder became a substantial holder on 22 September 2015

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate $\binom{2}{2}$ had a relevant interest $\binom{3}{1}$ in on the date the sub

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (5)
Ordinary Shares	96,552,917	96,552,917	18.88%

Details of relevant interests $3.$

The nature of the relevant interest of the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
FraserX Pty Ltd	Registered holder	13,678,188 Ordinary shares
Ponton Minerals Pty Ltd	Registered holder	10,964,532 Ordinary shares
Lake Rivers Gold Pty Ltd	Registered holder	10,964,531 Ordinary shares
Free CI Pty Ltd	Registered holder	10,964,531 Ordinary shares
Yandal Investments Pty Ltd	Registered holder	48,991,135 Ordinary shares
Legend Mining Limited	Pursuant to section 608(3) of the Corporations Act	990,000 Ordinary shares

Details of present registered holders 4.

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as a holder $(8)$	Class and number of securities
FraserX Pty Ltd	FraserX Pty Ltd	FraserX Pty Ltd	13,678,188 Ordinary shares
Ponton Minerals Pty Ltd	Ponton Minerals Pty Ltd	Ponton Minerals Pty Ltd	10,964,532 Ordinary shares
Lake Rivers Gold Pty Ltd	Lake Rivers Gold Pty Ltd	Lake Rivers Gold Pty Ltd	10,964,531 Ordinary shares
Free CI Pty Ltd	Free CI Pty Ltd	Free CI Pty Ltd	10,964,531 Ordinary shares
Yandal Investments Pty Ltd	Yandal Investments Pty Ltd	Yandal Investments Pty Ltd	48,991,135 Ordinary shares
Legend Mining Limited	Legend Mining Limited	Legend Mining Limited	990,000 Ordinary shares

$\overline{5}$ . Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial
holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
FraserX Pty Ltd	22/09/2015	Nil	Acquired via Sirius Resources NL Acquisition Scheme - 0.66 IGO Shares for every Sirius Resources NL share held	13,678,188 Ordinary shares
Ponton Minerals Pty Ltd	22/09/2015	Nil	Acquired via Sirius Resources NL Acquisition Scheme - 0.66 IGO Shares for every Sirius Resources NL share held	10,964,532 Ordinary shares
Free CI Pty Ltd	22/09/2015	Nil	Acquired via Sirius Resources NL Acquisition Scheme - 0.66 IGO Shares for every Sirius Resources NL share held	10,964,531 Ordinary shares
Lake Rivers Gold Pty Ltd	22/09/2015	Nil	Acquired via Sirius Resources NL Acquisition Scheme - 0.66 IGO Shares for every Sirius Resources NL share held	10,964,531 Ordinary shares
Yandal Investments Pty Ltd	22/09/2015	Nil	Acquired via Sirius Resources NL Acquisition Scheme - 0.66 IGO Shares for every Sirius Resources NL share held	48,991,135 Ordinary Shares
Legend Mining Limited By Section 608(3) Corporations Act	22/09/2015	Nil	Acquired via Sirius Resources NL Acquisition Scheme - 0.66 IGO Shares for every Sirius Resources NL share held	990,000 Ordinary Shares

Associates 6.

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARN (if applicable)	Nature of association
Ponton Minerals Pty Ltd A.C.N.:108 313 024	Common controller pursuant to section 12(2)(a)(iii) of the Corporations Act 2001 (Cth)
Lake Rivers Gold Pty Ltd A.C.N.:122 986 681	Common controller pursuant to section 12(2)(a)(iii) of the Corporations Act 2001 (Cth)
Free CI Pty Ltd A.C.N.:147 090 542	Common controller pursuant to section 12(2)(a)(iii) of the Corporations Act 2001 (Cth)
FraserX Pty Ltd A.C.N.:099 488 114	Common controller pursuant to section 12(2)(a)(iii) of the Corporations Act 2001 (Cth)
Yandal Investments Pty Ltd A.C.N.: 070 684 810	Common controller pursuant to section 12(2)(a)(iii) of the Corporations Act 2001 (Cth)
Legend Mining Limited A.C.N. 060 966 145	Relevant interest of Yandal Investments Pty Ltd pursuant to section 608(3) of the Corporations Act

$\overline{\mathbf{7}}.$ Addresses

Name	Address
FraserX Pty Ltd	Level 11, 216 St. Georges Terrace, Perth WA 6000
Free CI Pty Ltd	Level 11, 216 St. Georges Terrace, Perth WA 6000
Lake Rivers Gold Pty Ltd	Level 11, 216 St. Georges Terrace, Perth WA 6000
Ponton Minerals Pty Ltd	Level 11, 216 St. Georges Terrace, Perth WA 6000
Yandal Investments Pty Ltd	Level 11, 216 St. Georges Terrace, Perth WA 6000
Legend Mining Limited	Level 1, 8 Kings Park Road, West Perth WA 6005

Signature

Print name Sign here

Mark Gareth Creasy Olucaley

Capacity: Sole Director/Secretary

Date: 25 September 2015